Mesa Air Group Inc (MESA) Given Average Rating of “Buy” by Brokerages

Shares of Mesa Air Group Inc (NASDAQ:MESA) have earned an average rating of “Buy” from the six analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $17.40.

Several equities analysts have recently weighed in on MESA shares. Zacks Investment Research cut Mesa Air Group from a “hold” rating to a “sell” rating in a report on Wednesday, November 7th. Cowen reiterated a “buy” rating and set a $16.00 price objective on shares of Mesa Air Group in a report on Sunday, December 9th. Finally, Imperial Capital reiterated an “outperform” rating and set a $16.00 price objective (down previously from $18.00) on shares of Mesa Air Group in a report on Thursday, December 13th.

Several large investors have recently added to or reduced their stakes in MESA. Teachers Advisors LLC bought a new position in shares of Mesa Air Group during the 3rd quarter valued at about $174,000. TIAA CREF Investment Management LLC bought a new position in shares of Mesa Air Group during the 3rd quarter valued at about $193,000. Marathon Capital Management bought a new position in shares of Mesa Air Group during the 3rd quarter valued at about $207,000. Symmetry Peak Management LLC bought a new position in shares of Mesa Air Group during the 3rd quarter valued at about $277,000. Finally, First Mercantile Trust Co. bought a new position in shares of Mesa Air Group during the 3rd quarter valued at about $295,000. Institutional investors and hedge funds own 67.64% of the company’s stock.

NASDAQ:MESA opened at $8.65 on Monday. Mesa Air Group has a fifty-two week low of $6.36 and a fifty-two week high of $16.41. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 2.03. The stock has a market cap of $206.76 million and a PE ratio of 7.03.

Mesa Air Group (NASDAQ:MESA) last released its quarterly earnings data on Monday, December 3rd. The company reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.15. The business had revenue of $177.53 million for the quarter, compared to the consensus estimate of $180.96 million. The company’s revenue was up 12.9% on a year-over-year basis. As a group, equities analysts expect that Mesa Air Group will post 2.3 EPS for the current fiscal year.

About Mesa Air Group

Mesa Air Group, Inc operates as the holding company for Mesa Airlines, Inc, which provides regional air services under capacity purchase agreements with the American Airlines and the United Airlines. As of March 31, 2018, it operated 145 aircraft with approximately 610 daily departures to 110 cities in the United States, Canada, Mexico, the Bahamas, and Cuba.

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Analyst Recommendations for Mesa Air Group (NASDAQ:MESA)

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